Daily market summary,plan charts and data of NF – 02Apr’26

NF had a supply into close on 01st Apr and got large gap down and OAOR move to swipe Mar low but could not sustain down then got short covering and squeeze to close gap.Closed at high with dPOC skew higher.

Poor / weak low.

Neutral extreme up day.

Double disbn up day. Inventory wise no backup from buyers at close. So they need drive/gap else odds to overlap in upper disbn at test lower disbn then decide.

Levels wise, 22720-22740 support holding and driving up could clear PDH and move higher for 22850/22890 and more bullish above 22900 for 22935/22985/23015 if sustains 23040 then move towards 23110/23160 if accepts 23250 possible.

Not able to stay above PDH and moving below 22720 could test 22675/22640 bounce else weakness further towards 22600/22560/22535 no rej means 22485 and more weakness below 22465 for 22430/22375 bounce else 22320/22275 liquidation below that towards 2222522165/22125.

Weekly and monthly:

7 weeks of one time frame down and lower value poor low week closed at dVAH. Need gap /drive to start the week else retest 22720-22650 band bounce and below 22650 weak towards 22520-22480 solid support zone for entire week. Goes means 22375 bounce else 22300 and acceptance below 22275 could get 22125 quick and not holding means 22020/21890-21850 odds. If stays above 22840 then 22990-23050 reject else 23160/23250/23340 odds and above that easy move towards 23450/23600/23800.